EU Toughens Sanctions on Russia

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Naftali Bendavid and Matthew Dalton BRUSSELS--European Union foreign ministers on Tuesday toughened sanctions on Russia following the crash of Malaysia Airlines Flight 17 in eastern Ukraine, but they avoided adopting an immediate broad arms embargo, suggesting a split over ...

Australian Inflation Meets Expectations

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By James Glynn SYDNEY--Australian consumer prices rose 0.5% in the second quarter from the first and were up 3.0% from a year earlier, the Australian Bureau of Statistics said Wednesday. The numbers were precisely in line with economist estimates ahead ...

LONDON MARKETS: U.K. Stocks Edge Up After BOE Minutes; BHP Advances

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- U.K. stocks nudged slightly higher Wednesday after minutes from the Bank of England's July meeting showed policy makers unanimously voted to hold interest rates unchanged, and miner BHP Billiton PLC advanced after a ...

Flat Oil Prices Reflect Mixed Signals

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Cassie Werber Crude-oil futures trundled along Wednesday, pushed and pulled by different factors, none of which seemed able to make a decisive impact on the price. High demand in the U.S., which has been supporting prices there, looked to ...

Singapore June CPI Rise Slows on Easing Car-Price Growth

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Chun Han Wong SINGAPORE--Singapore's consumer prices rose at a slower-than-expected pace in June mainly owing to decelerating growth in car prices. The consumer price index rose 1.8% year over year compared with a median estimate of 2.6% rise in ...

Spanish Growth Quickens in 2Q

TODAY: July 24, 2014 PUB DATE: July 23, 2014

MADRID--Spain's economy grew at its fastest pace in six years during the second quarter, in contrast to the rest of the euro zone where growth appears to have stalled. The Bank of Spain said Wednesday that Spanish gross domestic product ...

EU to Set 30% Energy Savings Targets

TODAY: July 24, 2014 PUB DATE: July 23, 2014

BRUSSELS-European Union countries will have to strive to make energy savings of up 30% by 2030, according to contentious proposals to be announced shortly, a person familiar with the negotiations said Wednesday. The new target, the culmination of weeks of ...

U.S. Crude Oil Supplies Fall More Than Expected

TODAY: July 24, 2014 PUB DATE: July 23, 2014

NEW YORK--U.S. crude stockpiles fell more than expected in the week ended July 18, according to data released Wednesday by the U.S. Energy Information Administration. Crude-oil stockpiles fell by almost 4 million barrels to 371.1 million barrels, compared with an ...

New Home Sales Seen Down 5.8% -- Data Week Ahead

TODAY: July 24, 2014 PUB DATE: July 23, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Thursday 0830 Jobless Claims Jul 19 305K (20) 302K 0945 Markit 'Flash' PMI Jul N/A 57.3* 1000 ...

CURRENCIES: Pound Drops To Monthly Low Against Dollar

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Joseph Adinolfi and Sara Sjolin, MarketWatch NEW YORK (MarketWatch)--The pound fell to its lowest point against the dollar since June 30 following the release of minutes from the Bank of England's July meeting on Wednesday. Sterling (GBPUSD) fell to ...

Oil Futures Slightly Lower Ahead U.S. Stockpile Data

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Eric Yep Crude-oil futures extended losses in Asian trade Wednesday on bearish U.S. stockpile data, and as markets await the next wave of sanctions against Russia. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

RBA Hopes to Get China Investment Quota Soon

TODAY: July 24, 2014 PUB DATE: July 23, 2014

SYDNEY--Australia's central bank said it hoped shortly to obtain a quota from China allowing Australian financial institutions to invest in the mainland, opening a path to investment in Chinese bonds and equities traded directly in Renminbi. The Reserve Bank of ...

U.K. Economy Is Gaining Strength, Says BOE Carney

TODAY: July 24, 2014 PUB DATE: July 23, 2014

GLASGOW--The U.K. economy is gaining strength but will face persistent headwinds in the years ahead that are likely to keep a lid on future rises in interest rates, the governor of the Bank of England said Wednesday. In a speech ...

BOE' Has No "Preset Timing" For First Rate Move

TODAY: July 24, 2014 PUB DATE: July 23, 2014

LONDON--Bank of England policy makers have no "preset timing" for a first rise in their benchmark interest rate when they met in July, and still see arguments for and against an early move. Minutes from the meeting released Wednesday showed ...

EBRD to Stop New Investments in Russia

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Paul Hannon The European Bank for Reconstruction and Development said on Wednesday that it won't make any new investments in Russia in response to sanctions on the country announced by the European Union last week. The sanctions were announced ...

Euro-Zone Consumer Confidence Weakened in July

TODAY: July 24, 2014 PUB DATE: July 23, 2014

Consumer confidence in the 18 countries that share the euro weakened for the second straight month in July, an indication that new stimulus measures announced by the European Central Bank have failed to convince households that the economy is on ...

IMF Cuts U.S. 2014 Growth Forecast to 1.7%

TODAY: July 24, 2014 PUB DATE: July 23, 2014

WASHINGTON--The International Monetary Fund Wednesday revised its growth outlook for the U.S. economy for the second time in two months after a first-quarter contraction turned out to be worse than the fund originally forecast. The IMF cut its growth expectations ...

Australian Dollar Hits 2-Week High After CPI Data

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By James Glynn and James Ramage The Australian dollar rose to its highest level in two weeks against the U.S. dollar and the yen Wednesday after inflation data dented investors' expectations that Australia's central bank would cut interest rates before ...